French Total has come up with a new plan to increase profitability of the Shtockman project developed jointly with Gazprom, says Lenta.ru.
According to the online news agency, the Russian gas giant has rejected the new proposal citing little change to previous plans.
Earlier, Gazprom announced the development of one of the major gas fields in Russia is mostly likely to be shelved due to high costs.
Sources: http://www.vedomosti.ru
Author: Mikhail Vesely